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A proposed new IRS reporting requirement includes a sweeping expansion of tax information reporting aimed at raising revenue to help offset the cost of additional spending programs in the American Families Plan. The proposal, if enacted, would require banks to report to the IRS detailed information on the inflows and outflows of every customer account above $600.

Congress is expected to vote on this new proposal in the coming days.

Coastal Bank & Trust strongly opposes this proposal. Help us protect your privacy and tell Congress you oppose this proposal. Click on the link provided by the American Bankers Association: https://secureamericanopportunity.com/.../oppose-new-irs.../.

Coastal Bank & Trust

Founded in April 2009, Coastal Bank & Trust is the only full service community bank headquartered in Jacksonville/Onslow County, North Carolina. The Bank offers financial products and services primarily focused on the retail customer and small to medium-size businesses in Onslow County and surrounding areas.

What's New?

Coastal Bank & Trust is excited to announce the launching of our Facebook page. Follow us by liking our page.